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Budget 2022 - Economic Survey: Industrial sector to expand 11.8% in 2021-22

According to the Survey, investment, as measured by Gross Fixed Capital Formation (GFCF) is expected to see strong growth of 15% in 2021-22 and achieve full recovery of pre-pandemic level.Read more

Detroit Engineered Products expands its presence in Canada

DEP’s new office - the company’s ninth office globally - gives DEP a formidable advantage in its strategic positioning to address the demand of emerging marketsRead more

Kelvion to expand heat exchangers plant in Oklahoma

The Kelvion manufacturing site at The Port of Catoosa, which is an industry leader in the production of heat exchangers for the oil & gas industry, is expanding to meet the growing demand in the North American market.Read more

LANXESS expands customer service for electrical industry

An experimental injection mould for an application-focused part was developed in the company’s own technical lab for polymer processing at the Dormagen plant.Read more

Igus expands E4.1 energy chain modular system for long travels

New rollers and glide pads for upgrading reduce costs and increase the service life of E4.1 e-chainsRead more

Samsung expands Vietnam factory to increase foldables production

Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more

India’s manufacturing activity expands, but demand slows: IHS Markit

A survey by analytics firm IHS Markit showed that manufacturing activity increased in August. The pace of growth remained muted due to the pandemic’s impact on demand.Read more

Lenovo expands manufacturing portfolio in India

Lenovo’s local manufacturing caters to 15-20% demand in India. The company plans to increase it to 30-35%. Total revenue for all Lenovo Group businesses in India was $462 million for Q1FY22, up 31.3% YoY.Read more

ABB expands manufacturing capacity for LV motors at Faridabad plant

The expansion will increase plant capacity by more than 20%. The new line will develop energy efficient motors up to 55kW for customers operating in different industrial segments such as F&B, water & wastewater, cement, metals and mining, HVAC, textiles, rubber, etc.Read more

Motwane acquires Telemetrics to expand smart test & measurement solutions range

For Motwane, it is a perfect strategic fit that will enhance the company’s product range, spur growth, increase market share, and, as a result, aligns with Motwane’s vision of becoming a key global player in the electrical test & measurement industryRead more

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